Population growth in south-east Queensland will drive demand for new warehousing along the Legacy Way toll road, Savills head of research Tony Crabb says.

Mr Crabb said the Legacy Way toll road would connect south-east Queensland to the expanding port at Fisherman Islands, opening vast tracts of industrial land along the way.

Already, much of Queensland’s leasing demand is coming from retailers and their logistics partners wanting to expand into the south-east region.

“The vast majority of population growth over the next few decades will be in south-east Queensland and the northern NSW basin," he said.

“We’re starting to see that already. A lot of people are expected to retire to the warmer areas in the north – as well as the usual population increases, there will be a need for more warehousing and logistical infrastructure," he said.

“Industrial property needs flat land. Sydney and Brisbane don’t have the broad expanses of flat space the way Melbourne does; this part of Brisbane makes sense for industrial."

Mr Crabb said while there was a lot of talk about future growth at Melbourne and Sydney’s ports, on percentage terms, some of the biggest growth would be in Brisbane.

“With the port expected to grow, as well as the population, we’re feeling pretty confident about Brisbane’s industrial market," he said. “This is a proactive project which will shape things for the next 20 years or so, you need to look at it long-term."

Related Quotes

Company Profile

Mr Crabb said industrial precincts that allowed for easy access to major arterial roads and highways, had a competitive edge. “We think the areas which will do well will be Redbank and Richlands," he said.